The BT Tower, a prominent feature of London’s skyline, has been purchased from the telecommunications giant by MCR Hotels for £275 million.
BT announced that this transaction ensures the continued relevance of the site, which was inaugurated by Prime Minister Harold Wilson in 1965 and held the title of London’s tallest building until 1980.
Originally a major junction for live television broadcasts, the tower’s role as a telecommunications hub has diminished over time, especially after the removal of its microwave aerials over ten years ago.
Tyler Morse, CEO and owner of MCR Hotels, stated that the company intends to transform the site into a “landmark hotel,” expressing pride in conserving this well-loved structure.
Brent Mathews, BT Group’s property director, commented:
The BT Tower, located at the core of London, has been a source of great pride for us as its owners since 1984.
It has been instrumental in transmitting the nation’s phone calls, messages, and TV signals. However, we are increasingly relying on alternative methods for content and communication delivery.
This agreement with MCR signifies a new chapter for the BT Tower, ensuring the preservation of this iconic structure for future generations.
MCR, the owner of approximately 150 hotels, will acquire the BT Tower over a period of years. During this time, BT’s communication equipment will be progressively dismantled, leading to the eventual transformation of the site into a hotel.
